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Futu expects to open three experience stores in Hong Kong this year.
Chen Yu, chief financial officer and senior partner of FUTU.US, which opened its first experience store in Tsim Sha Tsui, hopes to strengthen the promotion of investor education through the establishment of permanent face-to-face communication channels and to meet the needs of users through immediate interaction and feedback. Lu Weijie, director of the market department of Futu Securities International (Hong Kong), revealed that the first store was affected by the epidemic and had a planning period of about one year. It is expected that a total of three branches will be opened in Hong Kong within this year, and the location will prefer the areas with higher passenger flow in Hong Kong, Kowloon and the New Territories. Chen Yu added that at present, the bank has operations in Hong Kong, Australia, the United States and Singapore, and the application program has been launched in Japan and Malaysia. If the operation is smooth, consideration will be given to replicating the offline experience store model to other existing markets; as for international business development, it is in the early research stage, but no consideration has been given to developing domestic business at this time. In 2021, it was rumored that Fortune would come to Hong Kong for a secondary listing. Chen Yu responded that there was no new information to share for the time being. While the Hong Kong Stock Exchange (00388.HK) is reviewing the adjustment of trading arrangements under inclement weather, he thinks that it is a better way to make it easier for investors to have access to the trading market. He also stressed that recently, there have been many policies in China and Hong Kong that are good for financial development. It is believed that with the gradual economic recovery and the landing of policies, the market conditions will gradually improve, and the Futuo team will continue to be optimistic about the development of the Hong Kong market. He also said that the overall increase in manpower this year will be about 10% to 20%, mainly focused on product research and development and marketing.
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